Davis, Inc. reported total stockholders' equity of $547,000 on its balance sheet dated December 31, 2018. During 2019, Davis reported the following items: Net income of $160,000 Sold 500 additional shares of its $1 par common stock for $30 per share Declared and paid dividends of $39,000 What amount would Davis report as total stockholders' equity on its balance sheet dated December 31, 2019? $668,500 $683,000 $722,000 $121,000